Got A Penfed Gold Card

[jmbfl]

It takes about a week. If in doubt ever on anything with PenFed just call them. You can do it 24 hours a day and they are great!

[Anonymous]

Do you have to set up a checking or savings account with PenFed before applying for a card with them?  Or do you just need to apply for membership?

[Anonymous]

was there a link to see if you prequalify WITHOUT a hard pull?? if so ..Where might i find it??

[Anonymous]

No.  You actually have to become a member to apply, and they pull your EQ before they approve you as a member.

[Anonymous]

But do they require you to have a savings/checking account with them before applying for a credit card?

[Anonymous]

Yes..they require a savings account with a minimum of 5.00 in it and remember they do a HARD PULL just for that......forget the credit card.

[Anonymous]

Do they usually pull Equifax? I'm not applying for anything for a few months, but EQ is my highest score, so I'm curious if this might be a good one for the future...

Thank you!

[Anonymous]

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firstinlastout wrote:

Yes..they require a savings account with a minimum of 5.00 in it and remember they do a HARD PULL just for that......forget the credit card.

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But they won't do another hard pull for the CC, correct?  I'm really diggin the Platinum rewards card.

If it's still got the same rewards program terms in 6 months, it will be mine.

[Anonymous]

They do a hard pull from EQ when you open the savings account with $5, but you can app with them all you want for a few weeks on that same pull. 

[haulingthescoreup]

PenFed ALWAYS pulls EQ when you apply to join, and everyone has to open the $5 share (savings) account, because that's how credit unions work. But you don't have to have X balance, or open checking too, and so forth. You also don't have to apply for the CC right away, because you have that 60-day window where they work off the original report. And getting into to PenFed doesn't automatically mean that you'll get a card.

By the way, for everyone jonesing after the gas rebates and the BT deal, realize that you'll want to get two different PenFed cards. You definitely don't want to tie up the gas card with a BT!